Latest

SA Media Clips 26 - 30 October

Finance minister Nhlanhla Nene’s medium-term budget policy statement held no surprises. The main question now is whether it will have been enough to convince rating agencies not to downgrade…FINANCIAL MAIL

Curbs on bank fees and rates ‘need care’

The Reserve Bank is calling for a detailed macroeconomic impact assessment on the proposed changes to the fees and interest rates banks charge clients, to avoid negative consequences to the economy…BDLIVE

Credit growth falls in September

Credit growth in the domestic private sector in September 2015 was at 8.39% year on year from 8.60% year on year in August, South African Reserve Bank figures released on Thursday showed…BDLIVE

State mulls drought relief for sugar cane farmers

The government is considering emergency relief measures for drought-stricken sugar cane farmers in KwaZulu-Natal, Agriculture, Fisheries and Forestry Minister Senzeni Zokwana said on Wednesday…BDLIVE

Poor varsities ‘unable to chip in’

Historically disadvantaged universities are in such dire straits that they are unable to contribute to the funding shortfall triggered by the moratorium on university fee increases, says Higher Education and Training Minister Blade Nzimande…BDLIVE

Too early to see effect of brewery deal, says Distell

Directors at Distell on Wednesday poured cold water on speculation around the possible knock-on effects of the proposed takeover of brewers SABMiller by larger rival Anheuser-Busch InBev (AB InBev)… BDLIVE

Twin peaks bill to shake up financial sector regulation

The Treasury tabled the so-called twin peaks bill in Parliament on Tuesday, paving the way for two centres of power in regulating the financial services sector…BDLIVE

Slowing Growth

Sub-Saharan Africa is setto endure its slowest pace of economic growth since the global recession in 2009 due to a collapse in commodity prices, emerging market volatility and the slowdown in China, the International Monetary Fund (IMF) said…FINWEEK

Economy ‘at risk’ from US hike

South Africa`s economy remains at risk from an interest rate increase in the US due to its rising levels of external debt, the Reserve Bank said yesterday, hours ahead of a policy decision by the Federal Reserve…NEW AGE

SA Reserve Bank must fall: students

A group of protesting university students, calling themselves the Occupy Movement, handed a memorandum of demands to SA Reserve Bank Governor Lesetja Kganyago in Pretoria on Tuesday afternoon…BUSINESS REPORT

VIDEO: EFF marches to the SA Reserve Bank

Thousands of Economic Freedom Fighters supporters marched to the Chamber of Mines, the South African Reserve Bank and the JSE in Sandton…BUSINESS DAY

Respond within 30 days or face ‘complete SHUT DOWN’, EFF tells banks

The Economic Freedom Fighters’ (EFF) list of demands that it intended to hand over to the South African Reserve Bank (SARB) on Tuesday ran to a lengthy 23 items…SOWETAN

What EFF wants from Reserve Bank

The EFF handed a memorandum to the South African Reserve Bank during the party’s Economic Freedom March on Tuesday...BUSINESS REPORT

EFF demands change to current economic structure

The Economic Freedom Fighters leader Julius Malema is leading a march to the South African Reserve Bank and the Johannesburg Stock Exchange…NEW AGE

We don’t want toothless SARB – EFF

The EFF Economic Freedom March has arrived at its first stop, the South African Reserve Bank (SARB) n Joburg’s CBD. Malema addressed the crowd from a temporary stage that had been set up outside the building...BUSINESS REPORT

Zuma Says 'Serious Struggle' to Meet South Africa Economic Goals

South Africa’s economy is in trouble because of the global slowdown and the government faces a “serious struggle” to meet its economic plan to cut unemployment and boost growth, President Jacob Zuma said…BLOOMBERG

Nzimande says state mulling ways to solve university funding gaps

The government is working out what different sectors will contribute to resolve universities’ funding shortfall, Higher Education Minister Blade Nzimande said on Tuesday...BUSINESS REPORT

Additional R5.8bn needed to close varsity fees gap

Closing the gap between financial assistance grants for students and the real cost of university education will come at an additional R5.8bn over the next three years, Parliament’s finance committees were told on Tuesday...BDLIVE

Jobs data for the third quarter, producer inflation, credit extension and trade data are all due this week. These figures are unlikely to have a significant effect on the rand, whose level will be driven more by…BDLIVE

Huge relief as SA relaxes visa rules

Cabinet's approval of the recommendations to relax South Africa's new visa regulations have been widely applauded by industry role players…FIN24

South Africa's rand touched a 3-1/2 week low against the dollar on Friday as investor sentiment soured over the two week long student protests over…SHARENET

Credit downgrade lurks as SA’s default risk increases

Investors are betting cuts that would bring the nation’s rating to the brink of junk are just a matter of time…MONEYWEB

Delight at easing of SA’s visa rules

Tourism and travel organisations have welcomed government’s surprise U-turn on elements of the contentious visa regulations, but some have said this has not gone far enough…BDLIVE

Higher interest rates necessary despite low growth, says Kganyago

The Reserve Bank is well aware of SA’s weak economic growth challenges, but has had to lift interest rates to keep inflation from rising significantly in future…BDLIVE

South Africa to respond to second round effects of any U.S Fed hike

South Africa (Reuters) - The South African central bank's inflation target of 3-6 percent target will be breached twice in 2016 with a worsening long-term outlook…SHARENET

SA’s long-term inflation seen at 7% – Kganyago

The South African central bank’s inflation target of 3-6% will be breached twice in 2016 amid a worsening long-term outlook, Governor Lesetja Kganyago said on Thursday…MONEYWEB

SA heading for fiscal slippage

Against the backdrop of a more subdued global economic recovery and muted domestic prospects, National Treasury has had to revise down real GDP growth forecasts between 2015/16 and 2017/18 by…BUSINESS REPORT

The shrinking budget pie

There was plenty of action happening away from the markets on Wednesday, most especially at the Parliament buildings in Cape Town, where not only were antics from the…BUSINESS REPORT

Nene ‘didn’t go far enough’

As an emerging-market country, SA has deep economic challenges. The recent student protests across the country against escalating university fees are testament to the need for economic transformation and resultant higher….BUSINESS REPORT

SA confident it can avoid junk downgrade

Treasury is confident that its mini budget statement will hold off any threat of a ratings downgrade, even after the rand weakened 2% against the dollar on Wednesday…FIN24

Immediate intervention ‘needed to address student protests

An immediate intervention was needed to address students’ protests against fee increases but longer-term solutions were being investigated…BDLIVE